Liquidmetal Tech Financials
This page shows Liquidmetal Tech (LQMT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Liquidmetal Tech has an operating margin of -385.2%, meaning the company retains $-385 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -604.9% the prior year.
Liquidmetal Tech's revenue surged 68.6% year-over-year to $860K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Liquidmetal Tech carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 12.79, Liquidmetal Tech holds $12.79 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Liquidmetal Tech passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Liquidmetal Tech generates $0.77 in operating cash flow (-$1.2M OCF vs -$1.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Liquidmetal Tech generated $860K in revenue in fiscal year 2024. This represents an increase of 68.6% from the prior year.
Liquidmetal Tech's EBITDA was -$3.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.6% from the prior year.
Liquidmetal Tech reported -$1.5M in net income in fiscal year 2024. This represents an increase of 26.2% from the prior year.
Liquidmetal Tech held $6.0M in cash against $0 in long-term debt as of fiscal year 2024.
Liquidmetal Tech had 917M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Liquidmetal Tech's gross margin was 25.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.0 percentage points from the prior year.
Liquidmetal Tech's operating margin was -385.2% in fiscal year 2024, reflecting core business profitability. This is up 219.7 percentage points from the prior year.
Liquidmetal Tech's net profit margin was -175.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 225.8 percentage points from the prior year.
Liquidmetal Tech invested $19K in research and development in fiscal year 2024. This represents a decrease of 5.0% from the prior year.
LQMT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $37K-87.2% | $289K+2.5% | $282K+118.6% | $129K-59.2% | $316K+30.6% | $242K+39.9% | $173K-39.5% | $286K |
| Cost of Revenue | $17K-92.0% | $212K+3.9% | $204K+145.8% | $83K-65.3% | $239K+27.8% | $187K+39.6% | $134K-32.0% | $197K |
| Gross Profit | $20K-74.0% | $77K-1.3% | $78K+69.6% | $46K-40.3% | $77K+40.0% | $55K+41.0% | $39K-56.2% | $89K |
| R&D Expenses | $4K+33.3% | $3K-25.0% | $4K0.0% | $4K-33.3% | $6K+20.0% | $5K+25.0% | $4K0.0% | $4K |
| SG&A Expenses | $961K+3.7% | $927K-4.9% | $975K-1.2% | $987K+9.2% | $904K+5.5% | $857K+12.3% | $763K+7.5% | $710K |
| Operating Income | -$945K-10.8% | -$853K+5.3% | -$901K+4.7% | -$945K-13.4% | -$833K-3.2% | -$807K-10.9% | -$728K-16.5% | -$625K |
| Interest Expense | $0 | N/A | N/A | $3K-85.7% | $21K-73.8% | $80K-43.3% | $141K | N/A |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$552K-5.3% | -$524K+7.7% | -$568K-14.5% | -$496K-12.5% | -$441K-70.3% | -$259K+17.5% | -$314K-10.6% | -$284K |
| EPS (Diluted) | $0.00+100.0% | $-0.010.0% | $-0.01 | N/A | N/A | N/A | $0.00 | N/A |
LQMT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.1M-1.6% | $29.6M-1.2% | $30.0M-1.4% | $30.4M-2.4% | $31.1M-0.5% | $31.3M-0.7% | $31.5M-1.1% | $31.8M |
| Current Assets | $14.9M+5.4% | $14.1M+4.2% | $13.5M-16.1% | $16.1M-6.7% | $17.3M-11.3% | $19.5M-12.8% | $22.3M-2.0% | $22.8M |
| Cash & Equivalents | $8.5M+51.1% | $5.6M+14.7% | $4.9M-18.4% | $6.0M+22.8% | $4.9M-33.6% | $7.4M-21.6% | $9.4M+6.3% | $8.8M |
| Inventory | $0 | $0-100.0% | $18K-74.3% | $70K+233.3% | $21K-16.0% | $25K0.0% | $25K0.0% | $25K |
| Accounts Receivable | $78K-69.2% | $253K+82.0% | $139K+56.2% | $89K+32.8% | $67K-52.8% | $142K-22.8% | $184K-1.1% | $186K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.4M0.0% | $1.4M+6.9% | $1.3M+4.5% | $1.3M-2.8% | $1.3M+7.8% | $1.2M+1.5% | $1.2M-5.0% | $1.2M |
| Current Liabilities | $1.4M0.0% | $1.4M+6.9% | $1.3M+4.5% | $1.3M-2.8% | $1.3M+7.8% | $1.2M+326.2% | $282K-77.4% | $1.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $27.7M-1.7% | $28.2M-1.6% | $28.6M-1.7% | $29.1M-2.3% | $29.8M-0.8% | $30.1M-0.8% | $30.3M-0.9% | $30.6M |
| Retained Earnings | -$279.9M-0.2% | -$279.3M-0.2% | -$278.8M-0.2% | -$278.3M-0.2% | -$277.8M-0.2% | -$277.3M-0.1% | -$277.1M-0.1% | -$276.7M |
LQMT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$746K-166.4% | -$280K+6.4% | -$299K+70.7% | -$1.0M-12875.0% | $8K-84.9% | $53K+127.0% | -$196K-73.5% | -$113K |
| Capital Expenditures | $399K | N/A | N/A | $0-100.0% | $33K-92.0% | $413K+124.5% | $184K-74.4% | $718K |
| Free Cash Flow | -$2.3M | N/A | N/A | -$206K+83.4% | -$1.2M+26.2% | -$1.7M-23.0% | -$1.4M+47.6% | -$2.6M |
| Investing Cash Flow | $3.6M+262.5% | $998K+222.9% | -$812K-138.0% | $2.1M+186.0% | -$2.5M-19.2% | -$2.1M-375.3% | $757K+242.0% | -$533K |
| Financing Cash Flow | $285K-97.0% | $9.5M+42.9% | $6.6M+94842.9% | $7K | $0-100.0% | $3K-72.7% | $11K | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LQMT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.0%+27.4pp | 26.6%-1.0pp | 27.7%-8.0pp | 35.7%+11.3pp | 24.4%+1.6pp | 22.7%+0.2pp | 22.5%-8.6pp | 31.1% |
| Operating Margin | -2554.1%-2258.9pp | -295.2%+24.3pp | -319.5%+413.1pp | -732.6%-468.9pp | -263.6%+69.9pp | -333.5%+87.3pp | -420.8%-202.3pp | -218.5% |
| Net Margin | -1491.9%-1310.6pp | -181.3%+20.1pp | -201.4%+183.1pp | -384.5%-244.9pp | -139.6%-32.5pp | -107.0%+74.5pp | -181.5%-82.2pp | -99.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1% |
| Return on Assets | -1.9%-0.1pp | -1.8%+0.1pp | -1.9%-0.3pp | -1.6%-0.2pp | -1.4%-0.6pp | -0.8%+0.2pp | -1.0%-0.1pp | -0.9% |
| Current Ratio | 10.55+0.5 | 10.01-0.3 | 10.27-2.5 | 12.79-0.5 | 13.33-2.9 | 16.19-63.0 | 79.19+60.9 | 18.29 |
| Debt-to-Equity | 0.050.0 | 0.050.0 | 0.050.0 | 0.040.0 | 0.040.0 | 0.040.0 | 0.040.0 | 0.04 |
| FCF Margin | -2339.2% | N/A | N/A | -34.5%+260.7pp | -295.3%+980.5pp | -1275.8%-661.9pp | -613.9%+845.9pp | -1459.8% |
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Frequently Asked Questions
What is Liquidmetal Tech's annual revenue?
Liquidmetal Tech (LQMT) reported $860K in total revenue for fiscal year 2024. This represents a 68.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Liquidmetal Tech's revenue growing?
Liquidmetal Tech (LQMT) revenue grew by 68.6% year-over-year, from $510K to $860K in fiscal year 2024.
Is Liquidmetal Tech profitable?
No, Liquidmetal Tech (LQMT) reported a net income of -$1.5M in fiscal year 2024, with a net profit margin of -175.6%.
What is Liquidmetal Tech's EBITDA?
Liquidmetal Tech (LQMT) had EBITDA of -$3.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Liquidmetal Tech's gross margin?
Liquidmetal Tech (LQMT) had a gross margin of 25.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Liquidmetal Tech's operating margin?
Liquidmetal Tech (LQMT) had an operating margin of -385.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Liquidmetal Tech's net profit margin?
Liquidmetal Tech (LQMT) had a net profit margin of -175.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Liquidmetal Tech's operating cash flow?
Liquidmetal Tech (LQMT) generated -$1.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Liquidmetal Tech's total assets?
Liquidmetal Tech (LQMT) had $30.4M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Liquidmetal Tech spend on research and development?
Liquidmetal Tech (LQMT) invested $19K in research and development during fiscal year 2024.
How many shares does Liquidmetal Tech have outstanding?
Liquidmetal Tech (LQMT) had 917M shares outstanding as of fiscal year 2024.
What is Liquidmetal Tech's current ratio?
Liquidmetal Tech (LQMT) had a current ratio of 12.79 as of fiscal year 2024, which is generally considered healthy.
What is Liquidmetal Tech's debt-to-equity ratio?
Liquidmetal Tech (LQMT) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Liquidmetal Tech's return on assets (ROA)?
Liquidmetal Tech (LQMT) had a return on assets of -5.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Liquidmetal Tech's cash runway?
Based on fiscal year 2024 data, Liquidmetal Tech (LQMT) had $6.0M in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 62 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Liquidmetal Tech's Piotroski F-Score?
Liquidmetal Tech (LQMT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Liquidmetal Tech's earnings high quality?
Liquidmetal Tech (LQMT) has an earnings quality ratio of 0.77x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Liquidmetal Tech?
Liquidmetal Tech (LQMT) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.